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Business News

Globalive signs network sharing deal with Telus, boosting Freedom offer

Globalive signs network sharing deal with Telus, boosting Freedom offer

May 19, 2022 / 1:49 pm

Globalive Capital says it has signed a network and spectrum sharing agreement with Telus Corp., in an effort to boost its bid to purchase Freedom Mobile....

Ford recalls vehicles including nearly 3,000 SUVs in Canada over fire risk

Ford recalls vehicles including nearly 3,000 SUVs in Canada over fire risk

May 19, 2022 / 10:42 am

Ford has issued three recalls of more than 350,000 vehicles in North America, including nearly 3,000 in Canada and 39,000 in the U.S. due to a risk the engines...

Home sales tumble again as mortgage rates surge

Home sales tumble again as mortgage rates surge

May 19, 2022 / 9:10 am

Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers...

Canada Goose Holdings reports $9.1M Q4 loss, revenue up from year ago

Canada Goose Holdings reports $9.1M Q4 loss, revenue up from year ago

May 19, 2022 / 6:09 am

Canada Goose Holdings Inc. reported a net loss of $9.1 million in its latest quarter compared with a profit of $2.5 million a year earlier. The outdoor clothing...

World shares sink after inflation driven retreat on Wall St

World shares sink after inflation driven retreat on Wall St

May 19, 2022 / 5:53 am

Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impact of persistent high inflation on...

Aeroplan-funded flights bringing Ukrainians to Canada expected to begin in June

Aeroplan-funded flights bringing Ukrainians to Canada expected to begin in June

May 18, 2022 / 8:30 pm

The first free commercial flights to Canada for Ukrainian refugees offered through a fundraising drive involving Aeroplan points won't be available until...

BlackBerry forecasting annual revenues nearly doubling in five years

BlackBerry forecasting annual revenues nearly doubling in five years

May 18, 2022 / 4:12 pm

BlackBerry Ltd. is forecasting that revenues will nearly double over the next five years with growth from internet of things (IoT) outpacing cybersecurity. The...

Pot company Canopy Growth shares plan to acquire California's Jetty Extracts

Pot company Canopy Growth shares plan to acquire California's Jetty Extracts

May 18, 2022 / 6:59 am

Canopy Growth Corp. has signed a deal that will give it the right to acquire California cannabis company Jetty Extracts, if the U.S. federally legalizes the...

Canadian Press NewsAlert: Inflation rate hits 6.8% in April

Canadian Press NewsAlert: Inflation rate hits 6.8% in April

May 18, 2022 / 6:31 am

UPDATE 5:47 a.m. Statistics Canada says the annual pace of inflation crept up in April as the cost of nearly everything at the grocery store continued to climb...

US, banks unveil plan to ease food crisis from Russia's war

US, banks unveil plan to ease food crisis from Russia's war

May 18, 2022 / 5:57 am

The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis...

Worry, buyer's remorse high as real estate market slowdown materializes

Worry, buyer's remorse high as real estate market slowdown materializes

May 18, 2022 / 5:40 am

A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over...

Trevali reports no survivors found in refuge chamber after Burkina Faso mine flood

Trevali reports no survivors found in refuge chamber after Burkina Faso mine flood

May 17, 2022 / 2:05 pm

B.C.-based Trevali Mining Corp. says none of the eight workers missing since the Perkoa Mine in Burkina Faso flooded a month ago were able to reach an...

Telus bulking up reach in Western Canada with $34.5B investments in B.C., Alberta

Telus bulking up reach in Western Canada with $34.5B investments in B.C., Alberta

May 17, 2022 / 10:05 am

Telus Corp. says it will invest $17.5 billion in British Columbia and $17 billion in Alberta and create thousands of new jobs in these provinces over the next...

Average price for gasoline in Canada tops $2 a litre for first time

Average price for gasoline in Canada tops $2 a litre for first time

May 17, 2022 / 6:23 am

Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time. Natural Resources Canada says the average...

Tim Hortons reprises marketing collaboration with Justin Bieber, launches Biebs Brew

Tim Hortons reprises marketing collaboration with Justin Bieber, launches Biebs Brew

May 17, 2022 / 6:17 am

A match made in marketing heaven between Tim Hortons and Justin Bieber is back with a new French vanilla-flavoured chilled coffee. Biebs Brew is the pop...

Musk: Doubt about spam accounts could scuttle Twitter deal

Musk: Doubt about spam accounts could scuttle Twitter deal

May 17, 2022 / 5:53 am

Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the social...

Walmart profit hit as inflation afflicts low-wage earners

Walmart profit hit as inflation afflicts low-wage earners

May 17, 2022 / 5:52 am

Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on...

Ukraine working to pull last fighters from Mariupol mill

Ukraine working to pull last fighters from Mariupol mill

May 17, 2022 / 5:50 am

Hundreds of Ukrainian fighters defending the last holdout in Mariupol were evacuated to areas controlled by Russian-backed separatists and officials worked...

Retail sales rise 0.9% in April as consumers show resilience

Retail sales rise 0.9% in April as consumers show resilience

May 17, 2022 / 5:44 am

U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly...

Abbott says agreement reached to reopen baby formula plant

Abbott says agreement reached to reopen baby formula plant

May 16, 2022 / 2:38 pm

Baby formula maker Abbott said Monday it has reached an agreement with U.S. health regulators to restart production at its largest domestic factory, though it...

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